The mine would've taken about 2 and a half years to develop.
Plus another 2 years for the mine to pay back the capital and become cash flow positive. So that's around 2016/2017.
Then for the next 5 years, CHN will only make back 60% of all revenue from the mine and then be taxed at 38% on all profits back to shareholders.
The mine has a NPV of $338-$360 million but that's in 10 years time.
Do you really want to wait that long!
Compared to what's being offered now: $100 million cash plus no debt.
get a better deal, page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.21 |
Change
0.005(0.41%) |
Mkt cap ! $470.6M | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.25 | $1.21 | $4.018M | 3.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 139393 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |